WBPDCL to remain PSU despite stock market listing

The West Bengal government has announced plans to list the West Bengal Power Development Corporation Ltd (WBPDCL) on the stock market.

This move aims to strengthen the company's financial base and improve transparency.

The government will retain control of WBPDCL, ensuring it remains a public sector undertaking.

The listing is expected to generate employment and enhance corporate social responsibility spending.

WBPDCL operates several thermal power stations and has a significant installed capacity.

The company is currently profitable and expects to increase its net profit in the coming years.

The government believes this move will help the company raise long-term capital for future expansions and renewable energy projects.